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Ocyan signs $135 million contract with Petrobras for services in Buzios field

EIGowned Ocyan has signed an agreement worth around 750 million reais ($ 134.61. million) to offer?? maintenance and maritime services to. Brazil's staterun oil company Petrobras, Ocyan's chief executive. Jorge Luiz Mitidieri told .

The deal will last a minimum of four years, in what is the. biggest specific agreement signed by Ocyan considering that the COVID-19. pandemic, said Mitidieri, in his first interview after taking. workplace in April.

Ocyan will provide services to Petrobras platforms in the. Buzios field, the second-largest oil manufacturer in Brazil behind. the Tupi field. Both depend on the Santos pre-salt basin off the. coast of Brazil.

The deal follows Ocyan was acquired by EIG for $390. million at the end of 2023.

Ocyan is positive about signing brand-new agreements, its CEO. said, given the potential customers for effectiveness with EIG, which is. likewise an investor in the Port of Açu, a large deep-water and. private commercial port complex in Rio de Janeiro.

The firm likewise sees opportunities in?? upkeep and. offshore services, as need has grown considering that the pandemic, stated. Mitidieri.

Covid left everyone very paralyzed, particularly in this. maintenance area, he stated. Given that Covid ended, at the end of. 2021, with the vaccine in 2022, the upkeep of the units has. been greatly magnified..

(source: Reuters)